Global Infrastructure Correlations

RGIYX Fund

USD 9.90 0.04 0.41%

The current 90-days correlation between Global Infrastructure and Aqr Large Cap is 0.23 (i.e., Modest diversification). The correlation of Global Infrastructure is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Global Infrastructure Correlation With Market

Modest diversification

The correlation between Global Infrastructure Fund and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Infrastructure Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Global Infrastructure Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Global Mutual Fund

0.69	RALAX	Growth Strategy	Pair Corr
0.7	RALCX	Growth Strategy	Pair Corr
0.69	RALSX	Growth Strategy	Pair Corr
0.69	RALRX	Growth Strategy	Pair Corr
0.69	RALVX	Growth Strategy	Pair Corr
0.7	RAZAX	Multi Asset Growth	Pair Corr
0.68	RAZCX	Multi Asset Growth	Pair Corr
0.76	RBLCX	Balanced Strategy	Pair Corr
0.76	RBLAX	Balanced Strategy	Pair Corr
0.74	RBLUX	Balanced Strategy	Pair Corr
0.69	RBLSX	Balanced Strategy	Pair Corr
0.76	RBLVX	Balanced Strategy	Pair Corr
0.77	RBLRX	Balanced Strategy	Pair Corr

Related Correlations Analysis

	AMONX	RETSX	UPAAX	JAAIX	LMUSX	TRBCX
AMONX		0.99	0.95	0.76	0.96	0.99	AMONX
RETSX	0.99		0.95	0.78	0.95	0.98	RETSX
UPAAX	0.95	0.95		0.77	0.89	0.94	UPAAX
JAAIX	0.76	0.78	0.77		0.77	0.76	JAAIX
LMUSX	0.96	0.95	0.89	0.77		0.95	LMUSX
TRBCX	0.99	0.98	0.94	0.76	0.95		TRBCX
	AMONX	RETSX	UPAAX	JAAIX	LMUSX	TRBCX

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Risk-Adjusted Indicators

There is a big difference between Global Mutual Fund performing well and Global Infrastructure Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Global Infrastructure's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMONX	0.68	0.03	0.03	0.15	0.85	(0.72)	1.63	(1.30)	4.55
RETSX	0.52	(0.01)	(0.04)	0.11	0.64	(0.55)	1.04	(1.46)	4.06
UPAAX	1.27	(0.07)	0.01	0.08	1.70	(1.35)	2.67	(3.14)	7.75
JAAIX	0.15	0.02	(0.46)	1.40	0.00	(0.20)	0.37	(0.31)	0.88
LMUSX	0.61	0.12	0.00	2.44	0.73	(0.69)	1.28	(1.49)	4.08
TRBCX	0.72	0.02	0.00	0.14	0.95	(0.67)	1.66	(2.18)	4.86

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Global Infrastructure Correlations

Global Infrastructure Correlation With Market

Modest diversification

Moving together with Global Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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